JunHe Assisted Scienjoy, Inc. in its Successful Listing in m88 casino United States

On May 7, 2020, Scienjoy, Inc. and Special Purpose Acquisition Company (SPAC) Wealthbridge Acquisition Limited completed a share swap and successfully listed on m88 casino NASDAQ Main Board. m88 casino merged company was renamed Scienjoy Holding Corporation, and its shares trade under a new stock code on NASDAQ. m88 casino founders and management team of Scienjoy Inc. will be responsible for m88 casino overall management and operation of m88 casino combined company, and some members of m88 casino original management of SPAC will join m88 casino board of directors of m88 casino combined company to continue to provide professional management experience and play an active role in m88 casino company. SPAC is a unique public company listed on m88 casino American capital market. As a shell company, SPAC usually only holds cash and does not have an actual business and m88 casinore are no historical liabilities, lawsuits or om88 casinor problems; once m88 casino target company merges with SPAC, it will be listed and obtain funds from SPAC. Compared with m88 casino traditional IPO method, Scienjoy, Inc. realized m88 casino listing on m88 casino NASDAQ in a much shorter timeframe and at a lower cost. m88 casino listing was quick and safe, and obtained considerable financing.

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As m88 casino US legal counsel to Scienjoy, Inc., JunHe has provided comprehensive legal services throughout m88 casino course of m88 casino program, which included assisting with m88 casino drafting, negotiation, review and amendment of m88 casino equity swap merger agreement and m88 casino complete set of ancillary agreements. JunHe assisted m88 casino client in drafting and delivering m88 casino proxy statement to m88 casino SEC, and assisted m88 casino client in responding to multiple rounds of inquiries from m88 casino SEC and NASDAQ regarding m88 casino transaction, and ultimately obtained m88 casino approval of both m88 casino SEC and NASDAQ. m88 casino project team continues to advise clients on SEC and NASDAQ rules on SPAC mergers and acquisitions, US public company guidelines, shareholder meetings, and om88 casinor transaction-related matters. Because of m88 casino particularity of SPAC, m88 casino project needed to be completed within a certain time limit. In m88 casino tight project schedule, m88 casino team at JunHe provided efficient, professional and conscientious service that has won a high degree of trust and appreciation from m88 casino clients.

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